Undo Software receives $1.25 funding round

Undo Software has received a third round of investment worth $1.25 million led by the co-founder of Skype Jaan Tallinn and existing investors in the company including the Cambridge Angels.


Mt Gox traders agree to settle class actions against bankrupt Bitcoin exchange

American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.

Formosa Plastics agrees to acquire Taiwanese cable firm Gala TV

Kaohsiung, Taiwan-based business conglomerate Formosa Plastics Group agreed to acquire a 95% stake in Taiwanese cable network Gala Television Corp (Gala TV) from Swedish private equity firm EQT Partners for an undisclosed amount.

Brightpearl raises $10 million funding round

Enterprise platform Brightpearl received new funding valued $10 million led by MMC Ventures and participated by other investors including Quayle Munro, Eden Ventures and Notion Capital.


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Suresnes, France-based therapeutic companion software provider Voluntis landed $29 million (€20.75 million) in its Series D financing round led by Bpifrance Large Venture and Vesalius Biocapital to develop its diabetes management program and expand its US operations.
San Francisco, US-based food delivery startup Caviar bagged a total of $15 million in its seed and Series A funding led by Winklevoss Capital and Tiger Global to expand into new cities.
San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.
Mountain View, US-based search giant Google will shell out $207.7 million (€150 million) to expand its data center in Dublin Ireland to beef up its revenue generation through its cloud services.
In a bid to gain traction over its growing competitors, Washington, US-based software giant Microsoft Corp announced a major boost in its OneDrive cloud storage capacity for business clients, from 25 gigab ytes to one terabyte.
Menlo Park, US-based social network giant Facebook announced its plans to build a second Iowa data center right next to its first facility in Altoona which is still being constructed and has yet to start its operations.
Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.
Melbourne, Australia-based payments startup Aston Club took home $1.5 million in its seed funding round led by Chris Morris of Computershare to launch a mobile app that helps users pay their bar and restaurant bills.
Bloomberg Philanthropies invested $5 million in solar powered Little Sun to give those populations in the African region less expensive, clean light from the kerosene lamps they have been using.
Bridal marketplace Lover.ly has received $2.5 million Series B investment round which would soon be held officially closed after it has taken a few more investment, said sources.